About
To adopt and develop flagship heritage sites through ASI-executed conservation.
PSU-funded heritage trust (IOCL); single-mandate; runs heritage restoration with ASI/NCF.
Indian Oil Foundation exists for one purpose: to protect, preserve and promote India's heritage monuments. Created in 2000 jointly with the Archaeological Survey of India and the National Culture Fund and funded entirely by IOCL (a ₹25 cr corpus plus ₹10 cr a year), it adopts and develops flagship sites - Konark, Khajuraho, Golconda, Charminar, Kanheri, Vaishali - building interpretation centres and visitor infrastructure executed through the ASI. Because it both adopts sites directly and channels money through NCF, it closes the funding bridge the NCF profile opens.
Founding & Leadership
Established by Indian Oil Corporation Limited (IOCL), India's largest commercial enterprise and flagship national oil company, as a dedicated non-profit trust for heritage conservation rather than being led by an individual founder.
PSU Trust Board (trustees from IOCL / MoP&NG); approves per-project allocations.
Leadership & Trustees
Initiatives & Portfolio
UNESCO World Heritage Site, Odisha.
Visitor Facility Centre, audio-visual auditorium, landscaped pathways, completed June 2021.
Sanjay Gandhi National Park, Mumbai.
UNESCO World Heritage Site, Karnataka.
Churches and Convents of Goa UNESCO World Heritage Site, with ASI Goa Circle.
Cultural Funding
Cultural verticals
Impact & Metrics
Partnerships & Network
Partner institutions
Government partners
Funders & patrons
Archaeological Survey of India | National Culture Fund (joint MoU, 30 March 2001)
Credentials & Compliance
CSR-eligible · Schedule VII(v) - national heritage
IOCL heritage CSR, via a dedicated trust + NCF.
Recognition
Single-mandate corporate heritage funder; created jointly with ASI & NCF (2000); richest publicly-disclosed heritage financials in the benchmark set.
[Atlas Assessment] IOF is the corporate mirror of NCF: a single-mandate heritage funder (intensity 10) but corporate-funded rather than government-pooled. Its significance is twofold - it shows a PSU can run transparent, Trust-Board-minuted heritage conservation at scale, and it is one of the tightest funder-to-government bridges in the database, structurally bound to ASI and NCF from inception.
IOF shows that a PSU can do focused, transparent, Trust-minuted heritage conservation. For a cultural prospect it is not an open-call grant-maker - it self-identifies and adopts sites - but it is a model co-funder, and reading it alongside NCF reveals the densest government-corporate heritage bridge in the set.